Sign up to save your podcasts
Or
Share What La Niña Actually Does to Insurance Pricing
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
What La Niña Actually Does to Insurance Pricing
What does a Pacific Ocean temperature shift have to do with your insurance renewal in North Carolina? More than you'd think.
Katie and Grace trace the climate pattern that's been quietly driving insurance costs across the Southeast for six years running: La Niña. From the record-breaking 2020 hurricane season that literally ran out of names, to Helene's catastrophic reset of the North Carolina package market, to the CPI floor that keeps rising even when storm activity quiets down — this episode pulls back the curtain on why waiting out a hard market is no longer a strategy.
Using live data from the Advocate Market Terminal, they walk through the Named Storm Property Index with CPI overlay, the North Carolina Package Index with construction overlay, and a real renewal scenario showing exactly what's driving your number up — and where your actual leverage is.
The bottom line: La Niña repriced these markets asymmetrically. El Niño won't unwind them the same way.
0:00 Introduction1:00 What is La Niña1:45 How Pacific Temperatures Affect Your Insurance Renewal2:30 Wind Shear and Hurricane Formation3:15 Less Wind Shear Means More Landfall Means Higher Premiums4:00 Six Years of La Niña Dominance5:00 The 2020 Season and Reinsurance Repricing6:15 How Repricing Worked Its Way Into Renewals7:00 Helene Milton and the 2024 La Niña8:00 Named Storm Property Index + CPI Overlay9:30 Why the Floor Never Fully Resets11:00 North Carolina Package Index + Construction Overlay13:00 Helene's Impact on the NC Market15:00 Insurance Pricing Doubled While Construction Cratered16:30 Real Renewal Scenario: Small Multifamily in Raleigh NC18:00 La Niña Is Fading But Relief Isn't Coming19:00 What This Means for Owners Operators and Lenders20:00 Finding Your Leverage Before Renewal
See what your insurance market actually looks like: https://advocate.app
View all episodes
By Advocate TechnologiesWhat does a Pacific Ocean temperature shift have to do with your insurance renewal in North Carolina? More than you'd think.
Katie and Grace trace the climate pattern that's been quietly driving insurance costs across the Southeast for six years running: La Niña. From the record-breaking 2020 hurricane season that literally ran out of names, to Helene's catastrophic reset of the North Carolina package market, to the CPI floor that keeps rising even when storm activity quiets down — this episode pulls back the curtain on why waiting out a hard market is no longer a strategy.
Using live data from the Advocate Market Terminal, they walk through the Named Storm Property Index with CPI overlay, the North Carolina Package Index with construction overlay, and a real renewal scenario showing exactly what's driving your number up — and where your actual leverage is.
The bottom line: La Niña repriced these markets asymmetrically. El Niño won't unwind them the same way.
0:00 Introduction1:00 What is La Niña1:45 How Pacific Temperatures Affect Your Insurance Renewal2:30 Wind Shear and Hurricane Formation3:15 Less Wind Shear Means More Landfall Means Higher Premiums4:00 Six Years of La Niña Dominance5:00 The 2020 Season and Reinsurance Repricing6:15 How Repricing Worked Its Way Into Renewals7:00 Helene Milton and the 2024 La Niña8:00 Named Storm Property Index + CPI Overlay9:30 Why the Floor Never Fully Resets11:00 North Carolina Package Index + Construction Overlay13:00 Helene's Impact on the NC Market15:00 Insurance Pricing Doubled While Construction Cratered16:30 Real Renewal Scenario: Small Multifamily in Raleigh NC18:00 La Niña Is Fading But Relief Isn't Coming19:00 What This Means for Owners Operators and Lenders20:00 Finding Your Leverage Before Renewal
See what your insurance market actually looks like: https://advocate.app